1512 157 ST SW

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$399,900

1512 157 ST SW

Glenridding Ravine, Edmonton · MLS® E4503971

1,447 sq ft · Townhouse · Single Family · built 2020 · 71 days on market

listed by Jacquie Smith, 2% Realty Pro

realtor's description

NO CONDO FEES, END UNIT and DOUBLE-TANDEM GARAGE!! This is the one you have been waiting for! Built by Montorio Homes, this stunner offers a super functional floor plan with open concept main floor with big chef's kitchen boasting sleek dark cabinets, stainless appliances and QUARTZ countertops, open to the spacious dining nook with plenty of room for big family meals, window view of the HUGE fenced and landscaped back yard, living room comfortably fits a sectional, completing the main level is a 1/2 bath and door access to the attached back deck, upper level offers 2 primary suites each with full bath and convenient upper level laundry. Oversized double tandem garage is finished with water supply and floor drain, also window and man door to the back yard. Excellent location in Glenridding Ravine, minutes to all shopping and amenities at the Currents of Windermere and super easy access to major connecting routes.

property details

type: Townhouse, Single Family
bedrooms: 2
bathrooms: 3
living area: 1,447 sq ft
parking: 0
year built: 2020
days on market: 71
MLS®: E4503971

features

Washer
Refrigerator
Dishwasher
Stove
Dryer
Microwave

city assessment

$409,000

2026 assessment · market value as of July 1, 2025

Up 2.8% from $398,000 in 2025
Asking price is 2% below the assessment
Built 2020
Lot 343 m² (3,689 sq ft)
Floor area on the roll 1,476 sq ft

roll year	assessed
2026	$409,000
2025	$398,000
2024	$364,500
2023	$344,000
2022	$326,000
2021	$318,500
2020	$338,000
2019	$135,500

From City of Edmonton open data (property assessments), matched to 1512 157 STREET SW. A mass appraisal of market value, not an appraisal of this home; a new build may be assessed before it was finished.

property tax

about $4,238 a year

The 2026 assessment times Edmonton's 2026 residential rate of 10.36 per $1,000 (municipal and education).

Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure.

monthly cost

$1,742/mo

Mortgage $1,742

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$1,742/ monthly

loan $319,920

25-year amortization

down payment20% · $79,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $202,778
land title fees: $820; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $80,800; down + land title fees
total paid: $522,698

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

if you rented it out

rent: $1,600/mo
after all costs: −$445/mo
cap rate: 3.9%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $1,742 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 2-bedroom in Edmonton: CMHC's average there ($1,598) raised by what new tenants pay against everyone in the Edmonton area. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca